Peter B. Ladig: Lawyer with Morris James LLP

Peter B. Ladig

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Partner
Wilmington,  DE  U.S.A.
Phone302.888.6826

Peer Rating
 4.8/5.0
AV® Preeminent

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Experience & Credentials Ratings & Reviews
 

Practice Areas

  • Alternative Entities
  • Business Litigation
  • Special Committee Representation
  • Corporate and Fiduciary Litigation
  • Corporate Governance Counseling
 
Mailing AddressP.O. Box 2306, Wilmington, DE, 19899-2306
 
University Yale University, B.A., 1993
 
Law SchoolEmory University School of Law, J.D., with Distinction, 1996
 
Admitted1996, Delaware; United States District Court for the District of Delaware; U.S. Court of Appeals for the Third Circuit
 
Memberships 

Professional Affiliations

Delaware State Bar Association
American Bar Association
Richard S. Rodney American Inn of Court
Court of Chancery Rules Committee

 
Biography

Peter B. Ladig is the Vice Chair of the Corporate and Commercial Litigation Group at Morris James.

Pete concentrates his practice in the areas of corporate governance and commercial litigation, stockholder litigation, fiduciary duties, partnership and limited liability company disputes, and class action and derivative litigation. Pete represents both stockholders and directors in corporate litigation in the Court of Chancery in a wide range of matters, including advancement of legal fees and expenses, reviews of elections of directors, requests to inspect books and records, and claims for breaches of fiduciary duties. He also represents corporations and other entities in commercial disputes involving breach of contract claims and claims arising under the General Corporation Law of the State of Delaware. Pete has served on the Rules Committee of the Court of Chancery since 2011 and served as one of the principal drafters of Rule 5.1.

Pete also uses his his litigation experience to advise special committees of boards of directors in analyzing conflict transactions or investigating alleged wrongdoing. Pete and Morris James have represented several of each type of committee.

Pete was recognized byChambers USA - America's Leading Lawyers for Businessin the years 2008-2009 and 2011-2014 as one of the leading Chancery Court practitioners in Delaware. InChambers USA2012, Pete was described as someone who knows the courts, has a good sense of the law and has a good sense of strategy - I feel I can rely on him for everything related to a Delaware lawsuit.Chambers USA2013 reported, Pete's 'legal analysis is excellent, his knowledge of Delaware law is brilliant,' and he is also a 'very personable guy.' He is 'just about everything that you would want with a co-counsel,' say interviewees. Pete has also been recognized byDelaware Super Lawyers in 2013 and 2014 for Business Litigation and byBest Lawyers in 2013 and 2014.

Experience

Special Committees
Corporate control disputes
Breach of fiduciary duty claims
Actions seeking advancement and indemnification
Shareholder rights disputes
Breach of contract claims
Actions brought by directors, officers, stockholders and creditors

Blog(s)

Delaware Business Litigation Report

Honors

Best Lawyers, 2013-2014

Chambers USA,Recognized for work in the Delaware Court of Chancery, 2008-2009, 2011-2014

Delaware Super Lawyers, 2013-2014

Litigation Council of America, Fellow

News & Events

Events

Recent Developments Affecting the Ethical and Professional Responsibilities of Chancery PractitionersDecember 7, 2012

News & Events

News & Media Mentions

Morris James Receives Top Legal Rankings in Chambers USA 2014May 23, 2014

Delaware Super Lawyers 2014 Recognizes 12 Morris James' AttorneysJanuary 23, 2014Delaware Super Lawyers

20 Attorneys in 23 Practices Recognized by Best Lawyers 2014August 15, 2013Best Lawyers 2014

Benchmark Litigation Names 7 Partners Among Top Litigators in DelawareJuly 11, 2013

Chambers USA Names 13 Morris James Attorneys in Their 2013 Guide to Leading Business LawyersMay 29, 2013Chambers USA

Delaware Super Lawyers 2013 Recognizes 12 Morris James' AttorneysJanuary 9, 2013Delaware Super Lawyers

20 Morris James Attorneys in 23 Practices Selected for Inclusion in Best Lawyers 2013August 30, 2012

Benchmark Litigation 2013 Names 7 Morris James Partners Among Top Delaware LitigatorsJuly 13, 2012

Chambers USA Names 14 Morris James Attorneys in Their 2012 Guide to Leading Business LawyersJune 4, 2012

Peter B. Ladig Joins Morris James LLP as a Partner in the Corporate and Fiduciary Litigation GroupJune 1, 2010

Publications

Articles & Publications

Rule 5.1 Gets Its First Major TestDecember 4, 2013Delaware Business Court Insider

The Other 'Nessie': An Order Vacating an Arbitral DecisionJuly 31, 2013Delaware Business Court Insider

What's Behind the Chancery Court's New Rule 5.1January 23, 2013Delaware Business Court Insider

Delaware's Anonymity? A Response to The New York TimesJuly 11, 2012Delaware Business Court Insider

Dealing With Disputes Over the Reasonableness of Fees at the Advancement StageMarch 21, 2012Delaware Business Court Insider

Court of Chancery Comes Down Hard on Trading by Plaintiffs in Representative LitigationJanuary 25, 2012Delaware Business Court Insider

Out of Many Can Come One: Supreme Court Considers Transaction Aggregation DoctrinesNovember 2, 2011Delaware Business Court Insider

Poison Pill Limbo: How Low Can It Go?September 7, 2011Delaware Business Court Insider

Intersection Between Fiduciary Duties and Contract Rights May Be Headed For a ShowdownAugust 17, 2011Delaware Business Court Insider

The Viability of the Disclosure Only SettlementMay 11, 2011Delaware Business Court Insider

Multi-Jurisdictional Litigation a Rich Vein of Issues for Chancery CourtApril 20, 2011Delaware Business Court Insider

Court of Chancery Investigates Potential For Collusive Settlements in Multi-Fora LitigationMarch 30, 2011Delaware Business Court Insider

Where Do We Go From Here? Trends in the Law 2009February 4, 2009Delaware Law Weekly

Delaware's Emerging Definition of Bad Faith: Not as Bad As You ThinkDecember 31, 2008Dow Jones Corporate Governance

McNulty Revisited: How the FILIP Memorandum Changes the DOJ's Approach to Corporate Investigation and ProsecutionsDecember 2008Law Journal Newsletters, Vol. 23, No. 7

Why a Handshake Might Not be Enough for Members of Delaware Limited Liability CompaniesNovember 17, 2008Andrews Litigation Report, 2008

No Stay for the Weary-Corporate Governance Obligations Continue in BankruptcyJune 1, 2008The Bankruptcy Strategist, Vol. 25, No. 8.

Assessing Risk From Options Grants Under Delaware LawMarch 12, 2008Corporate Governance

Delaware Court Reaffirms Some Less Well-Known Principles of Corporation LawMay 8, 2007Securities and Regulation Law Report

The 'Tools at Hand' Fail To Get The Job Done: The Court Of Chancery Denies Request Of Hedge Fund To Inspect Books and RecordsDecember 1, 2006Law 360

COMMENTARY: Thompson Memo Collides with Del. Advancement LawNovember 6, 2006Corporate Officers and Directors Liability Litigation Reporter, Vol. 22, Issue 10

 
Reported CasesRepresentative Matters: Shareholder Representative Services, LLC v. ExlService Holdings, Inc. Successfully obtained order dismissing claims relating to an escrow agreement in favor of arbitration; The North River Insurance Company Representing The North River Insurance Company in coverage litigation pending in the Superior Court as well as an action in the Court of Chancery seeking an anti-suit injunction against the plaintiff in the Superior Court action; Maer Roshan v. Recovery Media LLC Obtained a temporary restraining order relating to the sale of units of a limited liability company because of, among other things, improper disclosures; Special Litigation Committee of International Textile Group, Inc. Represented Special Litigation Committee charged with investigating potential claims of wrongdoing arising out of company's acquisition of an affiliate of the controlling stockholder; In re McMoRan Exploration Co. Stockholders Litigation Represented certain directors of McMoRan Exploration Co. in expedited litigation seeking injunction to halt acquisition of McMoRan by Freeport Copper & Gold, Inc. General American Holdings, Inc. v. Intertrust GCN LP Represented one of the managing members of Interstate General Media Holdings, LLC, which operates the Philadelphia Inquirer, Philadelphia Daily News and www.philly.com in dispute with the other managing member; Farr v. Ryan, et al. Represented the directors of RyMed Technologies, Inc. in defense of breach of fiduciary duty claims arising out of acquisition of all of the assets of the company; Cy Twombly Foundation, et al . v. Thomas Saliba, et al. Representing director of foundation established to preserve the artwork and legacy of Cy Twombly against claims of breach of fiduciary duty; Garda USA, Inc. v. SPX Corporation Successfully obtained an order vacating an arbitration award on the basis that the award was in manifest disregard of the law. That order is presently on appeal to the Delaware Supreme Court and scheduled for rehearing en banc in January 2014; Special Committee of Directors of International Textile Group, Inc. Represented Special Committee of publicly traded company on debt-for-equity swap proposed by controlling creditor and stockholder of company; Starr Investments Cayman II, Inc. v. China Media Express Holdings, Inc., et al. Representing two former directors of China Media Express Holdings, Inc. in matter pending in United States District Court for the District of Delaware alleging securities violations by officers and directors of company; In re China Integrated Energy,. Inc. Stockholder Litigation Representing certain of the directors of China Integrated Energy, Inc. in putative derivative action pending in the Court of Chancery arising out of internet reports that company had misstated its financial condition; City of Tamarac Firefighter Pension Trust Fund, et al. v. Carl C. Icahn, et al. Representing independent directors of CVR Energy, Inc. in Court of Chancery against claims relating to purchases of company stock by affiliates of Carl Icahn; Helie v. Gramercy Financial Group, LLC, et al. Representing former member and officer of hedge fund in seeking indemnification and advancement of legal fees and expenses incurred as a result of affiliation with hedge fund; Sherwood v. Ngon Represented directors of publicly traded company defending claims of breach of fiduciary duty arising out of hostile proxy contest; Sousan Badii v. Metropolitan Hospice, Inc. Represented company in action seeking appointment of receiver for company; WT Music Investment Company, et al. v. Hassan Miah, et al. Representing founder and investor in complex business arrangement after dispute with financial partner; Blades v. Wisehart Represented founder of company in corporate control dispute - in a post-trial opinion, the Court found that the company had not validly issued stock to third parties, so the original two stockholders were the only stockholders of the company and their written consent was valid to remove the entire board of directors and elect a new board of directors; Cambridge North Point LLC v. Boston and Maine Corporation Represented Cambridge North Point, LLC (CNP), which, along with Boston and Maine Corporation, were members of an LLC formed to develop North Point area in Boston, Massachusetts. The parties had a falling out resulting in litigation which was resolved by a settlement agreement. CNP then brought a second action against Boston and Maine for breach of the settlement agreement. In a post-trial opinion, the Court awarded almost all of the relief sought by CNP for breach of the settlement agreement; Lisa, S.A. v. Juan Jose Gutierrez Mayorga, et al. Represented Lisa, S.A. (Lisa) in an appeal to the Delaware Supreme Court of an opinion of the Court of Chancery dismissing Lisa's claims of, among other things, breach of fiduciary duty and civil conspiracy; San Antonio Fire & Police Pension Fund v. Amylin Pharmaceuticals, Inc. In an expedited trial and appeal to the Delaware Supreme Court, represented Bank of New York Mellon Trust Company, N.A. in its capacity as indenture trustee for the indenture pursuant to which Amylin Pharmaceuticals, Inc. issued 3.00% Convertible Senior Notes due 2014; Shandler v. DLJ Merchant Banking, Inc., et al. Represented DLJ Merchant Banking, Inc. and its affiliates (the DLJ Parties) in an action brought by a post-confirmation creditor trustee alleging various breaches of fiduciary duty by the DLJ Parties; Schneiderman v. North Shores Board of Governors, Inc. Represented a homeowners association in a case brought by residents challenging the use of crossovers to traverse the dunes in a beachside community; Stockman v. Heartland Industrial Partners, L.P. Represented David Stockman, former member of Congress and director of the Office of Management and Budget from 1981 to 1985, in an action seeking advancement and indemnification from a limited partnership founded by Mr. Stockman for fees and expenses incurred in defending multiple lawsuits filed against him arising out of his service as a director and officer of Collins & Aikman Corporation; Zaman v. Amedeo Holdings, Inc. Represented two individuals in successfully seeking indemnification and advancement from various entities for which they worked in complex business arrangement for the Prince of Brunei; In re NTRU Cryptosystems, Inc. Utilizing a procedure available under the General Corporation Law of the State of Delaware, Mr. Ladig obtained an order permitting a dissolved corporation to distribute its remaining assets without reserving any assets for potential future claimants; Amsdell Holdings I, Inc., et al. v. U-Store-It, L.P. Represented Amsdell Holdings I, Inc. and other parties in an action seeking indemnification from U-Store-It, L.P. for damages arising out of lawsuit brought against the plaintiffs in their capacities as limited partners of U-Store-It, L.P. Amazon.com, Inc. v. Hoffman Represented Basis Technologies, Inc. (Basis) and its directors, in the Court of Chancery in a suit brought by Amazon.com, Inc. (Amazon) in which Amazon alleged that Basis had violated Amazon's rights as a preferred stockholder when it issued common stock in 2004 and 2006; Benning v. Swish Marketing, Inc. Represented Swish Marketing, Inc. in an action brought by a former director and officer seeking advancement of legal fees and expenses incurred purportedly in defense of an investigation by the Federal Trade Commission; F. Barron Fletcher, III, et al. v. Home Organizers, Inc. Represented Home Organizers, Inc. (HOI) in an action brought by two former directors of HOI seeking advancement of legal fees and expenses incurred by the former directors in defending a lawsuit brought by HOI against them and their related entities; Edgewater Growth Capital Partners, L.P. et al. v. H.I.G. Capital, Inc. Represented the plaintiffs in an action brought by a stockholder and creditor against other creditors and the board of directors arising out of the transfer of all or substantially all of the assets of the company. The Court of Chancery denied a motion to dismiss and the case is proceeding to the discovery stage
 
ISLN911404607
 

Documents by this lawyer on Martindale.com

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Rule 5.1 Gets Its First Major Test
Peter B. Ladig, December 13, 2013
When the Delaware Court of Chancery adopted Rule 5.1 in late 2012, the court took great pains to inform the public that Rule 5.1 represented a significant departure from the practices under former Rule 5(g). Notwithstanding this admonition from the court, until the court issued opinions addressing...


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Office Information

Peter B. Ladig

500 Delaware Avenue, Suite 1500
WilmingtonDE 19801-1494




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